Assigned blog discussion:
Bonus Army: Bonus E. Act: WWI vets to get pension, they want it early for use in depression.
Hoover wanted to welcome them, bill did not pass. They were driven out by the military. Made Hoover unpopular.
Causes of Stock Market Crash:
Stocks Overpriced
Buying on margin
Federal Reserve failed the economy.
Massive Fraud Illegal activity
Cooling: Rich guys buy cheap stock until it gets very high value and then sell it to commoners which deflates it to low prices again.
Causes of the great depression:
High tariffs hurt economy, meant to help get people to buy American.
Bank failures
Overproduction of goods in farming/businesses
PROJECT::::!!!! "THE NEW DEAL"
-----------> Civillian Conservation Corps (CCC); Farm Security Administration (FSA)
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